Quote:
Originally Posted by haertig
That's quite the losing proposition for publishers then.  I don't think I would want to pursue a career in that business. |
I haven't seen numbers in quite a while but the publishers generally keep between 70 and 90(+)% of the money on this type of book deal. The the 70% side for ebooks, 80-85% for hardbacks, 90+% for paperbacks. They don't need the book to cover the authors advance to make a profit. Advances, except for big name people (not saying authors since many people with big advances are just celebrities with ghost writers), are generally not that big.